Resolution of Banking Problems “Key to Expansion”

The chairman of the Iran-Germany Joint Chamber of Commerce highlighted the banking problems hampering the Islamic Republic’s foreign trade, saying that their resolution is key to expansion of relations between the two countries.

“With the removal of banking problems, Iranian and German companies can have useful talks with each other and develop their ties,” Gholam Hossein Shafe’ei said in a meeting of Iran-Germany Joint Economic Commission in Tehran on Monday.

He further hailed economic relations between Tehran and Berlin as “historical”, noting, however, that the relations have had some ups and downs.

The Iranian official also pointed to an ongoing visit to Iran by a high-ranking German delegation headed by Economy Minister Sigmar Gabriel, saying that the trip paves the way for closer relations between the two countries.